Brown - 'House prices are higher... but it's not as bad as the early 90's'

before_hollywood

Turnbull2000 wrote: »

http://www.bloomberg.com/apps/news?pid=20601102&sid=ax_4c5abPPMY&refer=uk

So move along wannabe first time buyers, recent buyers and potential upsizers, things have been worse and you should just be grateful the Tories are not in power :mad:

so things are better than after a recession, yeah thats a reassuring thought isn't it seeing as the recession was nearly 20 years ago.

if i met gordon i would ask how he suggests single people in ordinary jobs afford mortgages when even a small house is double the amount a bank will lend us, and thats in apparently cheap northern towns.

he gives scotland and the labour party a bad name

Turnbull2000

I think this proves once and for all that Brown doesn't give a damn, and sacrificing the wealth, pensions and future earnings of seemingly any one under 30 is a price worth paying if those who have gained (baby boomers) vote Labour.

Generali

Turnbull2000 wrote: »

I think this proves once and for all that Brown doesn't give a damn, and sacrificing the wealth, pensions and future earnings of seemingly any one under 30 is a price worth paying if those who have gained (baby boomers) vote Labour.

That's ok, just wait until the baby boomers all try to sell their assets at the same time when they want to retire. There'll be blood on the carpet then.

Buy bonds! Short equities/housing!

MidTwentySomthing

Ahhh, more Damn Statistics and spin.

It seems Brown learns well from his predecessor

Aside from the fact that in the early 90s the cash had begun and people just wenr't borring becuase they didn't want to get into that much debt.

Aside fromt he fact that even though rates now are at 7.5 percent compared to 15 - even though when tehy were 15 you could still only borrow 3.5 times your income.

Aside from the fact that milions of people where living in negative equity.......

Gordon Brown has it spot on... what a t*sser

Turnbull2000

http://news.hotproperty.co.uk/PM:_Labour_has_helped_create_nation_of_homeowners_18291490.html

More propaganda from Brown.

Accusations of Labour's fostering of a culture of debt do not take flourished, Gordon Brown has said.Accusations of Labour's fostering of a culture of debt do not take into account the wider scenario in which home ownership has flourished, Gordon Brown has said.

The prime minister, responding to criticisms made by Conservative leader David Cameron, has responded by saying that the country had systems in place to help deal with the debt brought on by higher mortgage payments.

And the most frightening comment...

"When people can borrow to buy their own homes [they now] do it in a situation where inflation and interest rates are low and people feel that there is stability in the economy," Mr Brown told the Andrew Marr Show on BBC One.

You'd think an ex-chancellor would understand the dangers of high-debt at historically low interest rates, and how a supposed low-inflation environment means the debt will not be eroded as has usually been. :mad:

"more shared equity and homes for key workers"

I'm beginning to hate this man.